Q11

Night Owl, Inc. reported the following data: \begin{tabular}{lrrrr} (in millions) & 2026 & 2025 & \begin{tabular}{r} Increase (Decrease) \\ Amount \end{tabular} & Percentage \\ Assets & & & & \\ Current assets: & $10,000 & $7,200 & $2,800 & 38.9% \\ Cash & 15,600 & 16,800 & (1,200) & (7.1)% \\ Accounts receivable, net & 38,000 & 31,000 & 7,000 & 22.6% \\ Merchandise inventory & $63,600 & $55,000 & $8,600 & 15.6% \\ Total current assets & 195,000 & 168,000 & 27,000 & 16.1% \\ Property, plant and equipment, net & 15,000 & 27,100 & (12,100) & (44.6%) \\ Other long-term assets & $273,600 & $250,100 & $23,500 & 9.4% \\ Total assets & & & & \end{tabular} The horizontal analysis shows that the amount of total liabilities has A. decreased by $2,300 B. increased by $23,500 C. increased by $2,300 D. increased by $22,400